The country’s Gross Domestic Product (GDP) expanded 9.3 percent in the third quarter of 2017, anchored on growth in the industrial sector, the Ghana Statistical Service (GSS) has revealed.
The figure represents a 0.3 percent increment from what was recorded in the previous quarter, and 4.7 percent higher than the...
The Business Development Minister, Ibrahim Mohammed Awal, has said government’s vision of building a Ghana beyond aid is anchored on the creativity of young people who can venture into business and create employment for themselves and others.
Mr. Awal, speaking at the first-phase of training for the National Entrepreneurial and...
Property rental for Ghanaian Missions abroad cost the Foreign Affairs Ministry an estimated GH₵62m, or approximately US$14m in 2017, a report of the Committee on Foreign Affairs has revealed.
The amount covers rent payment for Ghanaian Missions in 52 cities across the world, comprising Africa, America, East Europe, Asia and...
Former Finance Minister, Seth Terkper has cautioned government of the risk of huge subsidy debts and its potential to hurt the economy and collapse the energy sector of the economy should government resume paying petroleum levies.
The National Petroleum Authority (NPA) is planning to use proceeds of the Price Stabilisation...
The removal of import duties on spare-parts and other items will begin in 2018, the Ghana Revenue Authority (GRA) has said.
This due to completion of the processes and legal framework necessary for implementation of the decision announced by government in its 2017 budget.
It also follows the expected operationisation of...
President Nana Addo Dankwa Akufo-Addo has called on African leaders to ‘dismantle’ any cumbersome business processes and unfavourable policies to unleash private capital and expertise in achieving the Sustainable Development Goals (SDGs).
“Africa needs a strong and vibrant private sector to boost its economy. A strong and vibrant private sector...
The first Regional Round-table on Infrastructure Governance was held in Cape Town at the beginning of November. Peter Eigen, founder of Transparency International), who addressed the event, reflects on the vital importance of openness and transparency for successful and sustainable infrastructure projects.
Corruption is nothing new and it’s certainly not unique...
Despite the tightening of the public purse, which will see government expenditure controlled in 2018, the policies initiated by government do not support the idea that cash will be scarce in the economy, President of Groupe Ideal, Nii Kotei Dzani, has said.
“It is true that the biggest chunk of...
Like most African countries, Ethiopia is among the world’s poorest and most densely populated - experiencing climate change effects including changes in rainfall patterns and severe droughts. However, Ethiopia has taken advantage of the challenges and is transforming its once faltering economy into the world’s fastest-growing economy, according the...
Increasing sources of income for Africans are being realised through remittances, which have been observed as an important factor that impacts lives as well as brings about economic growth and development on the continent.
The theme of remittances was discussed by researchers and economists at the 12th African Economic Conference...